Turkey: Erdogan introduced the new cabinet in Ankara. His son-in-law, Minister of Finance – International



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Turkish President Recep Tayyip Erdogan on Monday presented a cabinet with 16 ministers, entrusting his key financial portfolio to Berat Albayrak, AFP and Reuters write.

UPDATE: Appointment of Erdogan's son-in-law as Minister of Finance and Treasury immediately led to the depreciation of the Turkish lira, which lost nearly 3.5% of its face value to the dollar, and raised concerns about the independence of Erdogan's central bank

Esra, Berat Albayrak (40) has held the key position of energy minister since 2015 and has seen an irresistible increase in recent years

The defense portfolio has been entrusted to the Chief of Staff, Hulusi Akar. The current Minister of Foreign Affairs, Mevlut Cavusoglu, has been retained. And Suleyman Soylu will keep the portfolio of the Interior.

President Erdogan announced the composition of the new Turkish government at a ceremony in Ankara a few hours after being sworn in for a five-year term at the head of state with increased powers under of the new Constitution

The new cabinet will no longer have the post of prime minister, but only a vice president of the country, where Erdogan named Fuat Oktay, a technocrat who previously headed the Turkish Agency for the emergency management (Afad) 19659006] (function (d, s, id) {
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